AI literally produces more mesmerising art, for pennies, than an artist ever could, because their whole shtick was "out-there visual concepts", which was a wide open space of anything that's "not normal", which now and AI can pump out copiously.

Artistic talent is not important.

Why get hung out on the example profession and not the fact that some jobs pay drastically disproportionate rates?

Linus developed Linux, but we wouldn’t be able to hire the next version of him because hedge funds would dominate the high salary reqs in this hypothetical system.

Short answer - yes.

There's no long answer.